Insight
Upstream mega-projects: implications for crude trade and refining
This report is currently unavailable
Report summary
By 2025 Brazil's pre-salt and Norway's Johan Sverdrup will add 3.8 million b/d of supply from the Atlantic basin. Most of this crude will be of similar quality: relatively heavy and sweet, averaging 28° API. This will increase supply available to more complex refineries, and cause more to be routed to Asia.
Table of contents
- Executive summary
-
Mega-projects
- Pre-salt Brazil
- Petrobras crisis risks production growth
- Johan Sverdrup
- Mega-project crude quality is strikingly similar
- Volumes will trade at a discount to Brent
-
Markets for pre-salt Brazil
- Pre-salt pushes supply beyond refining capacity
- Refinery cancellations mean more exports
- Pre-salt is Asia-bound
-
Markets for Johan Sverdrup
- Europe's refining industry is shrinking
- Some volumes will go beyond northern Europe
Tables and charts
This report includes 7 images and tables including:
- Expected trade flows of mega-project crude by 2025
- Brazil liquids production
- North Sea liquids production
- Mega-project oil reserves (billions of barrels) by crude quality
- Atlantic basin* heavy crude production (<29° API)
- Incremental supply from Atlantic basin by API band
- Brazilian production versus refining throughput
What's included
This report contains:
Other reports you may be interested in
18 October 2018
Shifting tides of global crude trade
Insight
Shifting tides of global crude trade
Our new Crude Trade Service will help refiners and producers capture opportunities and mitigate risks emerging from the changing crude trade
$1,35018 October 2018
IMO 2020: Implications for crude oil markets
Insight
IMO 2020: Implications for crude oil markets
The IMO sulfur cap on marine fuels in 2020 has implications not only for shippers and refiners, but also crude producers.
$1,35021 June 2018
US-China trade tensions: what are the implications for commodities?
Insight
US-China trade tensions: what are the implications for commodities?
If implemented, tariffs will increase the cost of energy supplies to China and could re-order trade flows.
$1,050
